Jefferies Financial Group Reiterates C$20.00 Price Target for Air Canada (TSE:AC)

Air Canada (TSE:ACGet Free Report) received a C$20.00 price target from research analysts at Jefferies Financial Group in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.37% from the company’s current price.

AC has been the topic of several other reports. BMO Capital Markets reiterated a “buy” rating and set a C$32.00 target price on shares of Air Canada in a report on Tuesday, February 20th. National Bankshares dropped their target price on Air Canada from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Scotiabank lowered their price objective on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. CIBC lowered their price objective on Air Canada from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Royal Bank of Canada set a C$18.00 price objective on Air Canada and gave the company a “sector perform” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$29.39.

Read Our Latest Research Report on AC

Air Canada Price Performance

AC stock traded down C$0.16 on Friday, reaching C$17.04. The company had a trading volume of 1,384,468 shares, compared to its average volume of 2,234,007. Air Canada has a 1 year low of C$16.04 and a 1 year high of C$26.04. The company has a debt-to-equity ratio of 1,767.66, a quick ratio of 1.06 and a current ratio of 0.85. The company’s fifty day moving average is C$18.81 and its 200 day moving average is C$18.58. The company has a market cap of C$6.11 billion, a P/E ratio of 2.96, a PEG ratio of 0.02 and a beta of 2.40.

Air Canada (TSE:ACGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The company had revenue of C$5.23 billion during the quarter, compared to analysts’ expectations of C$5.13 billion. On average, research analysts forecast that Air Canada will post 3.1906412 earnings per share for the current year.

About Air Canada

(Get Free Report)

Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.

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Analyst Recommendations for Air Canada (TSE:AC)

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